9 Jul 2014
FOMC minutes to reflect a fairly positive tone - TD Securities
FXStreet (Łódź) - Annette Beacher, Head of Asia-Pacific Research at TD Securities expects the FOMC meeting minutes from 17-18 June to convey a fairly positive tone.
Key quotes
"Given the recent the strength in labour market data we expect that the minutes will reflect a fairly positive tone."
"But even though there will most likely be some vague discussion around the need to eventually remove stimulus, the Fed has not had a long enough string of positive data to consider removing stimulus in 2014."
"The fact that core PCE inflation remains low also supports continued very easy policy over the next year or so."
Key quotes
"Given the recent the strength in labour market data we expect that the minutes will reflect a fairly positive tone."
"But even though there will most likely be some vague discussion around the need to eventually remove stimulus, the Fed has not had a long enough string of positive data to consider removing stimulus in 2014."
"The fact that core PCE inflation remains low also supports continued very easy policy over the next year or so."